CHICAGO – June 11, 2018 – Associated Bank announces the completion of a $27,750,000 loan to Orange VA LLC, Lake Forest, Illinois, for the construction of a 56,000-square-foot office building in Orange, Connecticut, that will be occupied by the U.S. Veterans Administration.
Construction has commenced on the building, which will house a Veterans Administration Community Care Center, with completion anticipated in mid-2019. The VA Community Care Center services will include: primary care, team vocational services, health psychology and dietetics, peer support services, and much more. The property, located at 200 Edison Road in Orange, Connecticut, had been vacant land.
Vice President Brian P. Rogan of the Commercial Real Estate division of Associated Bank originated the loan.
Headquartered in Chicago, Associated Bank’s Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs. Associated’s Commercial Real Estate division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $33 billion and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
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